2 men charged in alleged investment scheme

Joseph Rideout, Christopher Williams face theft charges

Published On: Jun 12 2012 05:22:34 PM CDT
HOUSTON -

Two men have been accused of hatching an investment scheme and bilking a man out of $30,000.

Micah Sims said two of his daughter's friends, Joseph Rideout and Christopher H. Williams, convinced him to invest in their company, Global Communications.

Sims said Rideout and Williams asked for $30,000 and promised to double his money.

When the men didn't deliver on their promise, Sims called them. Sims said they handed him a check for $15,000 and promised to give him another $45,000.

The $15,000 check bounced, and Sims said the men never gave him the rest of the money they owed.

Another alleged victim, Lucia Chaparro, said she is the mother of Rideout's child. She said Rideout asked her to invest $200,000 in IT Investments and was promised a $500,000 return.

Chaparro claims she only received two checks for $37,000, both of which bounced.

Both Williams and Rideout have been charged with third-degree felony theft and are out on bond.